The European chemicals industry is worried by the political agreement reached by the Council of the EU on 28 February on the long-term reform of the European emissions trading system (ETS) to make it work better (see EUROPE 11736 and 11735).
In a press release published on Thursday 2 March, the European Chemicals Industry Council (CEFIC) thanks environment ministers for rejecting the Commission’s tiered approach on allocating free allowances, as contained in the Maltese Presidency’s...